Does Waves Have Strength for Another Upward Move?

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In Brief
  • Waves has likely begun a long-term upward move.

  • The price is facing resistance and support at 32,400 and 26,400 satoshis, respectively.

  • Waves is likely in wave 4 of a 5 wave Elliott formation.

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The Waves (WAVES) price has likely begun an upward move. However, the price should correct in the short-term before resuming its upward move. Long-Term Upward Move The Waves price had been consolidating near the 10,000 satoshi level for almost a year, in the period between July 2019 - 2020. The price initiated an upward move that took place via a bullish engulfing candlestick during
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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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